Metal market $Gold (LIST2110.US)$$Aluminum (LIST2211.US)$ T...

Metal market

$Gold (LIST2110.US)$ $Aluminum (LIST2211.US)$ The price of gold climbed to a one-week high due to the fall in the U.S. dollar and lower-than-expected inflation in the U.S., making the timetable for the Fed to cut monetary stimulus measures uncertain. Spot gold closed up 0.6% to 1,804.27 US dollars per ounce, and the US gold futures settlement price rose 0.7% to 1,807.1 US dollars per ounce.

Most industrial metals fell because the market was concerned about the real estate market in China, the largest consumer; the decline in aluminum and nickel prices from multi-year highs triggered profit-taking. At 1644 GMT, the London Metal Exchange (LME) benchmark copper futures closed down 1.3% at $9,439 per ton, and fell 1.3% on Monday.

Article excerpted from Reuters Financial Morning Post